WASHINGTON—Five credit union trade associations have sent a comment letter to the Department of Defense on its proposal to amend the rules on Limitations on Terms of Consumer Credit Extended to Service Members and Dependents, which implement the Military Lending Act (MLA).
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ASHEBORO, N.C.—A member did approximately $25,000 in damage to a branch of Truliant FCU here after becoming upset by the inability to make a withdrawal.
WASHINGTON—Consumers Union, the advocacy arm of Consumer Reports, is calling on the Consumer Financial Protection Bureau to take action on problems related to credit reports and credit scores, including the challenges consumers face in correcting errors in their reports.
WASHINGTON—The Federal Reserve Board has will adjust to $25,500 in 2015 the annual adjustment of the dollar amount used to determine whether a small loan is exempt from the special appraisal requirements that apply to higher-priced mortgage loans.
SHEBOYGAN, Wis.—Two credit unions here joined with three local banks to raise money for the Salvation Army of Sheboygan County through a bell-ringing competition.
ST. PAUL, Minn. – Minnesota’s credit unions are reporting robust overall numbers.
WASHINGTON—The Cooperative Trust has extended the deadline to apply for “Crash the GAC.”
SACRAMENTO, Calif.—The $55-million Big Valley FCU said it will merge into the $253-million First U.S. Community Credit Union effective Feb. 1, 2015. When completed, the combined CU will serve 23,000 members.
ALEXANDRIA, Va.–NCUA has granted a charter to Lutheran FCU, which will be based in St. Louis.
ALEXANDRIA, Va. --NCUA has issued a cease and desist order to New Bethel Federal Credit Union of Portsmouth, Virginia.